Brooklyn Park, MN

• 15 Year Lease Extension in 2020 Walgreens extended the lease an additional 15 years in 2020 showing commitment to this location
• Exceptionally High Reported Sales Volumes Walgreens is reporting exceptionally high sales volumes at this store
• Target Office Campus & Distribution Nearby Target office campus employs 5,200 in a 330 acre campus and nearby 1,000,000 square foot distribution center
• Affluent Demographic Area Median household income of $96,000 in a 1 mile radius
• 5.7 Million SF of Industrial Space in 5 Mile Radius Several large employers in the area including Medtronic (11,000 employees) and United Health Group (18,000+ employees)

Pharma Property Group is pleased to market for sale the Walgreens property located at 2024 85th Avenue North, Brooklyn Park, Minnesota (The "Property"). Walgreens has 12 years and 4 months remaining on the initial lease term with 9 (5-year) options and no landlord responsibilities whatsoever.

The Property has exceptionally high reported sales volumes and in 2020 Walgreens extended the lease to a firm 15 years before the next option period showing commitment to the location. The Property is located in Brooklyn Park, an affluent neighborhood 10 minutes north of Minneapolis, with median household incomes of $96,000 in a 1-mile radius and within a 5-mile radius of the Property there are over 250,000 residents.

Brooklyn Park has a diverse economy with several industries such as healthcare, manufacturing and retail with large employers such as United Health Group (18,000+ employees), Medtronic (11,000+ employees), Boston Scientific (2,500+ employees) and The Target Northern Campus (5,200 employees). Target Corporation, the 6th largest retailer in the United States with over 1,948 retail locations and over 440,000 employees nationwide, is headquartered in Minneapolis.

Within a 5-mile radius of the Property is 5.7 million square feet of industrial space, including the 36-acre Northcross Business Park which is occupied by Wurth Adams Nut & Bolt Co., Tesla and the U.S. headquarters for Nilfisk, one of the world’s largest manufacturers of cleaning equipment.